Key Developments: BYD Co Ltd (1211.HK)

1211.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

BYD Co Ltd announces disposal of 100 pct equity interest of subsidiary in return for cash and consideration shares
Friday, 13 Feb 2015 05:44am EST 

BYD Co Ltd:Says on Feb. 12, Company (as seller) and Holitech (as purchaser) entered into agreement.Pursuant to which Holitech has conditionally agreed to acquire, and company has conditionally agreed to sell, sale shares, representing entire equity interest of Shenzhen BYD Electronic Components Co., Ltd. (being target company).Says aggregate consideration for disposal is subject to finalisation but in any event shall be not more than 2,300,000,000 Yuan (equivalent to about HK$2,875,000,000).Aggregate consideration of which 75 pct of consideration shall be satisfied by allotment and issue, credited as fully paid, of the Consideration Shares at an issue price of 9.64 Yuan per share by Holitech and 25 pct of consideration shall be satisfied in cash.Says transactions are conditional upon fulfillment of conditions precedent set out in paragraph titled Conditions Precedent below in this announcement.  Full Article

Holitech Technology announces shareholding changes with BYD
Thursday, 12 Feb 2015 07:00pm EST 

Holitech Technology Co., Ltd:Says BYD Co Ltd's holding stake in the company to increase to 12.29 pct (178,941,908 shares) from 0 pct.  Full Article

BYD Co Ltd announces disposal of 100 pct. equity interest of subsidiary in return for cash and consideration shares
Thursday, 12 Feb 2015 09:54am EST 

BYD Co Ltd:Says that on Feb. 12, the company (as the seller) and Holitech (as purchaser) entered into agreement.Pursuant to agreement Holitech has conditionally agreed to acquire, and the company has conditionally agreed to sell, the sale shares, representing entire equity interest of Shenzhen BYD Electronic Components Co., Ltd. (being the target company).Aggregate consideration for disposal is subject to finalisation but in any event shall be not more than 2,300,000,000 yuan (equivalent to about HK$2,875,000,000).Of which 75 pct. of the consideration shall be satisfied by allotment and issue, credited as fully paid, of consideration shares at an issue price of 9.64 yuan per share by Holitech and 25 pct. of consideration shall be satisfied in cash.  Full Article

BYD Co Ltd announces proposed issue of domestic corporate bonds
Thursday, 12 Feb 2015 09:50am EST 

BYD Co Ltd:Resolved at meeting of board held on Feb. 12, that domestic corporate bonds be issued by the company, subject to approval of shareholders by passing special resolution at EGM and approval of relevant regulatory authorities.Proceeds of domestic corporate bonds issue will satisfy the company's demand for medium and long-term funding and optimize the company's debt structure and to repay bank loans and supplement the company's working capital.  Full Article

BYD Co Ltd issues 2014 net profit outlook
Wednesday, 29 Oct 2014 08:00pm EDT 

BYD Co Ltd:Sees net profit for 2014 to decrease by 22.25~9.59 pct, or to be 430,000,000 yuan to 500,000,000 yuan, compared to net profit in 2013 (553,059,000 yuan).Says fierce competition in domestic car market and negative contribution caused by solar energy business are main reasons for the outlook.  Full Article

BYD Co Ltd does not recommend interim dividend
Sunday, 24 Aug 2014 06:56am EDT 

BYD Co Ltd:Says that board does not recommend payment of interim dividend for reporting period (for six months ended June 30, 2013: nil).  Full Article

BYD Co Ltd announces 2013 dividend payment date for A shares
Wednesday, 6 Aug 2014 08:00pm EDT 

BYD Co Ltd:To pay cash dividend of 0.5 yuan (before-tax) per 10 shares to all A shareholders of record on Aug. 12, for 2013.Ex-dividend date is Aug. 13.Payment date is Aug. 13.  Full Article

BYD Co Ltd announces placing of new H shares under general mandate
Monday, 26 May 2014 12:01am EDT 

BYD Co Ltd:Says on May 23, the company and the placing agents entered into the placing agreement.Pursuant to which the company agrees to issue the placing shares, and the placing agents agree, on a several basis, as agents of the company, to procure placees on a best efforts basis to purchase the placing shares at the placing price.On the assumption that all placing shares are fully placed, the aggregate gross proceeds are expected to be about HK$4,266.5 mln and the aggregate net proceeds are expected to be about HK$4,199.6 mln.Net proceeds are intended to be used as its general working capital to fund the Group's business development.  Full Article

BYD Co Ltd to set up joint venture
Friday, 16 May 2014 08:00pm EDT 

BYD Co Ltd:To set up a joint venture with Bank of Xi'An.The joint venture will be engaged in provision of financing service in automobile area, with a registration capital of 500 mln yuan.The company will hold an 80 pct stake in the joint venture.  Full Article

BYD Co Ltd recommends final dividend
Monday, 28 Apr 2014 10:00pm EDT 

BYD Co Ltd:Says that it has recommended the distribution of final dividend of 0.05 yuan per share for the year ended Dec. 31.  Full Article

BRIEF-BYD's prelim 2014 profit down 20.8 pct on competitive car market in China

* Says preliminary 2014 net profit down 20.8 percent y/y at 438 million yuan ($69.99 million)

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